XTRADE will launch a universal low latency FIX based API connecting to all major crypto exchanges to make it easy for institutions, hedge funds, and algorithmic traders to access all cryptocurrency markets by coding to just one FIX application - in one format - with which they are already intimately familiar.
XTRADE will launch XTRADE Pro in 2018 - a highly robust, multi-exchange standalone trading platform for active traders. The platform will include, among other features, advanced consolidated order books, hotkey order entry, and custom order types, with 24x7 uptime.
XTRADE will aggregate liquidity across exchanges by launching a unified, Single Point of Access. XTRADE SPA will be facilitated via Joint Venture (JV) partnerships with existing exchanges to minimize the regulatory hurdles as XTRADE will function purely as an execution technology provider.
Xtrade will aggregate prices from all exchanges in real time, so if BTC is trading at a discount halfway across the world, you'll know - and benefit from price improvement on your execution.
Having multiple exchange accounts is great, but being able to instantly access liquidity worldwide allows for improved arbitrage opportunities, better prices, and higher execution quality.
Xtrade will leverage IPsec technology and industry standard best practices for end to end encryption on our execution network to protect your data and secure your order flow in a closed, proprietary system. By leveraging private internet transatlantic fiber connections and demarcation points close to matching engines, even non-collocated orders will be executed 40-60% faster – privately and securely.
Each exchange has their proprietary API - REST, Websocket, Python, random FIX versions. Instead of bothering with maintaining disparate systems, just write to Xtrade’s standard FIX API wrapper and access market data + execution for all exchanges with one simple interface.
Xtrade already has a point of presence in many major data centers and will expand to cover most others in 2018. By leveraging Xtrade’s cross connections to exchange matching engines in data center environments, and hosting your trading solution in our Virtual Private Server infrastructure, your execution times can drop from 150-200 milliseconds to 1-2 milliseconds as compared to public internet pathways.
Instead of opening accounts at each exchange and risking funds, simply utilize Xtrade’s balances to do away executions. You get the benefit of world-wide price improvement and liquidity without the counterparty risk and cumbersome process of international account opening.
We have filed for a patent with the USPTO for our proprietary crypto asset routing and liquidity aggregation technology.
Xtrade will aggregate trading volume across exchanges, thereby accessing a lower tier for trading costs, and passing the savings to our clients.
Orders move individual markets. Utilize Xtrade’s liquidity pool aggregation and smart routing tools to break up your order into smaller pieces so that slippage becomes a non-issue.
No need to open accounts at multiple exchanges and track prices manually – Xtrade will provide best pricing across the space and execute from our internal liquidity pools.
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XTRADE Pro Beta
The XTRADE.IO team has extensive experience developing sophisticated trading platforms from the ground up, specializing in market data, execution, clearing, colocation, and all facets of high frequency and DMA trading infrastructure. XTRADE principals and advisors have worked in active trading firms all over the world as well as large financial institutions such as Goldman Sachs and JP Morgan in technology, operational, and sales roles. In addition, the team has strong entrepreneurial experience, having launched successful companies in multiple industries ranging from finance to AI based visual analytics.
Alexander Kravets has spent more than a dozen years in high frequency and proprietary day trading. He started his career as a successful proprietary equities trader and later acted as Managing Director at a self-clearing broker/dealer that provided direct market access (DMA), software, and co-location services while handling 4% of daily NASDAQ trading volume. He successfully launched Sogotrade, a retail-investing platform with over 100,000 clients.
Kravets is a frequent media commentator and cryptocurrency expert who has been quoted in Bloomberg, CNBC, Forbes, NASDAQ, Reuters, CBS News, and many other major media outlets. He testified as an expert witness on equity markets and account structure to assist SEC enforcement actions in US District Court for Southern District of New York.
Highly experienced in entrepreneurship, trading platforms, equity market structure, market data networks, algorithmic trading, execution systems, brokerage back office systems, trade support, operations and sales, Kravets has also held Series 7, 55, 63, and 24 securities licenses throughout his career.
Sergii Gulko founded Axon Software, a leader for more than a decade in developing high-frequency algorithmic models for hedge funds and broker/dealers in the US equity and Forex markets. He is an expert in colocation services, market data, execution, and analytics.
Gulko is highly versed in FIX and other proprietary protocols, market data handlers, deployment and control of advanced hardware infrastructure systems specializing in low latency and network security. He has gained global experience facilitating execution and market data systems for major funds in Dubai, Cyprus, Europe and the United States.
Gulko is a member of the Forbes New York Business Council.
Jon Giacobbe spent six years in finance with Goldman Sachs and JP Morgan, specializing in Equity Derivatives, Structured Products, Market Liquidity, Senior Bank Debt, and executing institutional client orders. He is also a Fox Business News weekly contributor and panelist on Money with Melissa Francis. Additionally, he is an active entrepreneur, who has owned and operated multiple businesses.
Oleksandr Lutskevych is a co-founder and CEO at CEX.IO LTD, a successful London-based holding company consisting of the CEX.IO Bitcoin Exchange and GHash.IO Mining Pool. Lutskevych is a pioneer in the Bitcoin industry and one of the inventors of cloud mining.
CEX.IO is trusted by more than 1.9M traders with a daily volume exceeding 1BN in total assets.
CEX.IO is the initial exchange JV Partner thereby allowing Xtrade to facilitate SPA multi-exchange execution in 2018.
Mushegh Tovmasyan is a FinTech entrepreneur and a veteran of the online trading industry. His senior management experience in FX and CFD space spans regulated companies in USA, UK, UAE, Germany, Switzerland, San Marino, Cyprus, Armenia, Japan and New Zealand including advisory roles on various successful ICO's.
A serial entrepreneur at heart, Mushegh is a shrewd negotiator and has a good eye spotting individual talent and untapped opportunities in the market.
A strong technology background mixed with hands-on management experience across various global jurisdictions has influenced Mushegh to excel in leadership roles pushing all his ventures to the forefront of the modern Fintech era.
Lex Sokolin is a futurist entrepreneur focused on the next generation of financial services. He directs Fintech Strategy at Autonomous Research, a global research firm for the financial sector. With more than 200,000 followers on LinkedIn, Solkolin is a prominent voice in the crypto space. Sokolin is on the Board of Directors and previously served as the COO at AdvisorEngine, a digital wealth management technology platform. He is the founder and CEO of NestEgg Wealth, a roboadvisor that pioneered online wealth management in partnership with financial advisors, acquired by AdvisorEngine.
Sokolin is a thought leader and contributor to the Wall Street Journal, the Economist, CNBC, Reuters, Investopedia, American Banker, ThinkAdvisor, and Investment News, among many others. He has spoken on the future of technology and achieving extraordinary growth at conferences for Money2020, LendIt, Techonomy, In|Vest, T3 Enterprise Edition, and the Financial Planning Association.
Prior to NestEgg, he held a variety of roles in investment management and banking at Barclays, Lehman Brothers and Deutsche Bank. He holds a JD/MBA from Columbia University and a B.A. in Economics and Law from Amherst College.
Steven M. Wasserman, J.D., has more than two decades of experience as an advisor to corporations in mergers, acquisitions and financings, as a portfolio manager in investment management, and as a private equity principal in operating businesses. He has acted as a Financial Advisor in a series of leveraged buyouts totaling $2.5 billion. Wasserman is currently CEO of Seaport Investment Management, an asset management firm based in New York/California where he is an Asset Manager, Registered Investment Advisor/Principal investor, Futurist, and Developer of the SPAC Product.
He was formerly Merrill Lynch/Ernst & Young Entrepreneur of the Year and been featured on CNN's Pinnacle and in the Wall Street Journal.
Justin is an Information Architect & Growth marketer that has worked with companies such as The Wall Street Journal, Samsung, NASA, and Intel. He is also the founder of Growthly, a growth agency that helps companies build a community around their brand.
Ran serial entrepreneur and has one every entrepreneurial award including;
2014 CNBC All Africa Business Leader Award (AABLA) Southern Africa – Young Business Leader
2014 CNBC All Africa Business Leader Award (AABLA) Africa – Young Business Leader
2015 Sanlam Business Partner Entrepreneur of the Year
2015 Adfocus Industry Leaders Award
2016 National Business Awards Business Leader of the Year
2016 EY Southern Africa World Entrepreneur Award Exceptional category
His last venture was a start up that was sold to the Publicis groupe for over $150m US. This was the largest marketing transaction on the African Continent.
Ran HAS BEEN IN Blockchain SINCE 2013 and has advised several projects.
He is the founder of ONCHAIN Capital , A Crypto Asset Fund.
He is also the host and producer of the World’s first Crypto show that is currently the largest show on CNBC Africa , CNBC Cryptotrader.
Gary J. Ross is a partner at Ross & Shulga PLLC, and through longtime clients such as Steemit and InvestFeed, has spent several years on the forefront of the cryptocurrency space. Ross focuses his practice on securities law, venture capital and private equity, corporate governance, and general corporate matters. Ross represents private companies (at all stages), angel investors, and venture capital funds. He has extensive experience advising to SEC-registered and exempt capital markets transactions.
From 2009 to 2012, Ross served as a Compliance Analyst in the U.S. Department of the Treasury, where he oversaw contractors and financial agents engaged by Treasury to provide asset management, advisory, and other services relating to the Troubled Asset Relief Program (TARP). Ross is an adjunct professor at Seton Hall Law School and has been quoted frequently in articles from MarketWatch, Corporate Counsel, The New York Times and the Associated Press.
Addison Huegel is the Managing Partner and Media Director at Elevator Communications, LLC.
He is a technology communications and marketing specialist with extensive experience building communities around blockchain, B2B, and B2C applications. In 2015, he served as a communications consultant to the Ethereum Foundation and DEVCON1, and more recently helped launch Kyber Network.
Before delving into marketing and public relations, Huegel worked in the field of Condensed Matter Physics and has published numerous scientific, peer-reviewed papers. He spent two years writing software for the Mars Orbiter program at NASA Ames Research Center and holds a degree in Physics from University of California, Berkeley.
Tom is a Product Growth Consultant & Marketer that has built multiple fast-growing startups such as Teachers Register and Love Discounts.com. He is the founder of blockchain & crypto growth agency Blocknauts that works with companies to tokenize and launch through initial coin offerings.
Aleksey Pekar is a Java/C++ developer with a deep understanding of financial markets.
Iryna Lebedeva is a business analyst, with an expertise in economic and financial models and risks management.
Nikita Tropin is a hard-core C++/Perl developer and Solidity enthusiast. A developer of high-performance applications on C++ with deep knowledge of web-development and Linux administration using Perl, FIX protocol and big data specialist, he has also created automated trading bots in cryptocurrency markets.
Sergey Pogorelovsky is an experienced Java/Perl programmer, TDD evangelist, and smart contracts developer.
Sergey Grishkin is a DevOps engineer, specializing in virtualization, monitoring, server configuration and security, integration and delivery.
As XTRD tokens are used to pay for services on the XTRADE trading network and received by XTRADE, they will be cycled back into the network. No additional XTRD tokens will ever be created past final sale date. All charges denominated in tokens such as trading fees, market data, software, collocation and others will be charged based on the prevailing pricing of the XTRD token at market.
Discounts of 25% on XTRADE services will be available for token holders in general and discounts of 40% on XTRADE services will be available for token holders who maintain an average monthly stake of at least 50,000 XTRD tokens. Fiat will be accepted as payment for services at no discount to par.
SAFT, or Simple Agreement for Future Tokens, is an agreement being utilized by Xtrade to allow accredited investors and institutions to participate in a future Token Generation Event. It is a token presale open to accredited investors, or those with an annual income of least $200k or net assets of $1M, exclusive of their primary residence.
The SAFT is modeled after the Simple Agreement for Future Equity, or SAFE, which originated out of Y-Combinator, and when used properly is fully compliant with US Securities laws and regulation D. As the SEC recently confirmed that the federal securities laws now apply to token sales per its recent SEC investigative report on DAO Tokens, Xtrade is taking a proactive approach to the XTRD token sale by properly utilizing the SAFT and ensuring that the risks which come with early-stage investment opportunities are made clear to those accredited individuals or institutions that participate.
Xtrade is raising funds via a Token Generation Event in Q1 2018.
Following the SAFT presale, if necessary, Xtrade will conduct a crowd sale of the XTRD token to accredited investors under Reg D and non-US investors under Reg S.
Non-accredited US investors will not be allowed to participate in the Token Generation Event to ensure proactive compliance with current US securities laws and regulations.
70% Balance Sheet for SPA
15% Platform Development and Operations
5% Legal and Compliance
5% Sales and Marketing
5% Acquisition Fund
XTRD Tokens will be generated at a fixed dollar amount per token with a hard cap. Tokens will be created continuously on the token sale generation date and onwards as funds are exchanged for tokens, including the SAFT agreement tokens which will be issued per agreed upon discounts for accredited investors via a whitelisted wallet address system.
Once the hard cap target is reached, no additional XTRD tokens will ever be generated beyond the total pool of created tokens.